15:57
Jinse Finance reported that the Stake-to-Earn token BTC20 raised more than $1.7 million through the pre-sale phase within a week. BTC20 ($BTC20) allows investors to buy tokens for a token price of $1, a nod to the early days of the original Bitcoin. BTC20's staking model allows token holders to earn rewards over time through a vesting contract.
Inspired by the original Bitcoin block reward, the contract is designed to distribute BTC$20 tokens to stakers over approximately 120 years. According to the BTC20 white paper, after the pre-sale ends, all unsold tokens (at least 14.95 million USD BTC20) will be locked in the pledge contract.
- 1

